Travel insurance

Travel insurance is an insurance product for covering unexpected losses incurred while travelling, either internationally or domestically. Basic policies generally only cover emergency medical expenses while overseas, while comprehensive policies typically include coverage for trip cancellation, lost luggage, flight delays, public liability, and other expenses. The United States Travel Insurance market valued at over $4B, protecting around 77 million people through around 49 million plans in 2022, according to the United States Travel Insurance Association. Updated statistics indicate that U.S. travelers spent $5.56 billion on travel insurance in 2024, according to the 2022–2024 Travel Protection Market Study from the U.S. Travel Insurance Association (USTIA). In 2024, 86.97 million people were protected by 54.87 million plans provided by USTIA members.